Rosecoin
Crypto Overview
Purpose and Utility
The Oasis Network (ROSE) is a privacy-focused layer-1 blockchain platform designed to support confidential smart contracts and privacy-preserving decentralized applications (dApps). The ROSE token serves multiple utilities: it's used for staking, governance, and transaction fees within the network.
Business Model Analysis
The platform's business model focuses on providing privacy-enabled blockchain solutions for various use cases, including DeFi, NFTs, and data tokenization. The network utilizes a unique ParaTime architecture that separates consensus and execution layers to improve scalability and privacy.
Real-World Adoption
Oasis Network has established partnerships with major companies and organizations, including BMW, Binance, and Meta (formerly Facebook). The network processes thousands of daily transactions and has a growing ecosystem of dApps.
Development Activity
The project maintains active development with regular updates to its core protocol. The GitHub repository shows consistent contributions, and the team regularly releases technical updates and improvements.
Token Distribution
The initial token distribution allocated approximately 23% to the founding team and foundation, with vesting periods in place. The remaining tokens are distributed among staking rewards, ecosystem development, and public sale participants.
Crypto Impact
To assign a comfort level investing in Rosecoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Rosecoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.